The Buy-Side Meets the Sell-side Wipro-Viteos Acquisition

30 Dec 2015
by Manu Aggarwal

Executive Summary

On December 23, 2015, Wipro announced that it has entered into a definitive agreement to acquire the U.S.-based Viteos Fund Services, LLC, for a total consideration of US$130 million. The move supports Wipro’s goal to expand its presence in capital markets BPO, in line with its overall strategy of focusing on the financial services arena.

This viewpoint document analyses the acquisition of Viteos by Wipro to identify the key drivers behind the development, its impact of the capital markets BPO landscape, and Everest Group’s view on potential issues for Wipro.


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